Petrostates of the World, Unite!
CONFLICTED
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The Petrostate Experience: Venezuela and Aramco
This chapter reflects on the speaker's childhood near the Aramco compound in Saudi Arabia, revealing the significant cultural and societal contrasts faced while growing up within an expatriate enclave. It also examines Venezuela's historical rise as an oil-exporting powerhouse, discussing the transformative impacts of oil revenues on its economy and infrastructure. The narrative delves into the complexities of oil resource management, contrasting British and American approaches, and emphasizes the importance of equitable profit-sharing and the control of natural resources by sovereign nations.
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